RE:Are we in the black?mary2117 wrote: Are they in confidential meetings on this with no communications?( Five day black of communication releases)
We, and they, are waiting out the 5 day period for UEC to match DML's offer. Nothing further to report...
DML has indicated that the terms of their offer have already been hammered out:
"UEX has been provided with a set of definitive documents to give effect to the Acquisition Proposal on a binding basis, and the parties would be in a position to complete the transaction without undue delay. After UEX determined that Denison's prior offer of July 22, 2022 constituted a "Superior Proposal" (as defined in the Amended UEC Agreement), UEX and Denison negotiated and settled the terms of the necessary agreements. Additionally, the definitive documents have already been approved by the Denison board of directors."
I assume that the revised meeting will go ahead next Monday as announced.. BUT this would be BEFORE the 5 day window UEC has to match the offer.. maybe UEX doesn't care about the 5 days window...does this mean that UEX has more or less decided to go with the DML and therefore terminate the UEC offer altogether?? If so, the terms of the DML offer would have to be disclosed to us shareholders before we were to vote on it.... all very confusing!